Lebanon Cards and Payments – Opportunities and Risks to 2026
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The Lebanon cards and payments market size was $2.8 billion in 2021. The market is projected to achieve a CAGR of more than 19% during the forecast period. The Lebanon cards and payments report provides a detailed analysis of market trends in the Lebanon cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including mobile wallets, cards, cash, credit transfers, direct debits, and cheques during the review period. The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values, and volumes during the review period and over the forecast period. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.
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Lebanon Cards and Payments Market Dynamics
Card usage has been on the rise, accounting for a significant share of the total transaction volume in 2021. This growth was supported by improvements to the payment infrastructure, banks’ initiatives to increase financial inclusion, and rising confidence in card payments among consumers. The outbreak of COVID-19 encouraged consumers to shift from cash to card payment methods to avoid close social contact and help prevent the spread of the virus.
Amid the liquidity crunch in the country, the central bank passed a new regulation on payments of purchases in merchant stores. In line with the new law, the Association of Supermarket Owners implemented new guidelines, effective from March 10, 2022, allowing customers with a bank card to pay only 50% of the purchase value using a card. The remaining amount needs to be paid in cash.
Key Payment Instruments in Lebanon Cards and Payments Market
The key payment instruments in the Lebanon cards and payments market are cards, cheques, and direct debits. Cards accounted for the highest share in terms of transaction volume.
Lebanon Cards and Payments Market, by Payment Instruments
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Key Segments in the Lebanon Cards and Payments Market
The key segments in the Lebanon cards and payments market are card-based payments, e-commerce payments, and alternative payments.
Key Players in the Lebanon Cards and Payments Market
Some of the key players in the Lebanon cards and payments market are Bank Audi, BLOM Bank, Fransabank, Byblos Bank, Credit Libanais, Bank Med, CashU, Zaky, Creditbank Pay, and LGB PAY.
Lebanon Cards and Payments Market Report Overview
Market Size (2021) | $2.8 billion |
CAGR (2022-26) | >19% |
Key Payment Instruments | Cards, Direct Debits, and Cheques |
Key Segments | Card-Based Payments, E-Commerce Payments, and Alternative Payments |
Key Players | Bank Audi, BLOM Bank, Fransabank, Byblos Bank, Credit Libanais, Bank Med, CashU, Zaky, Creditbank Pay, and LGB PAY |
Scope
This report provides top-level market analysis, information, and insights into the Lebanon cards and payments industry, including –
- Make strategic business decisions, using top-level historic and forecast market data, related to the Lebanon cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Lebanon cards and payments industry.
- Assess the competitive dynamics in the Lebanon cards and payments industry.
- Gain insights into marketing strategies used for various card types in Lebanon.
- Gain insights into key regulations governing the Lebanon cards and payments industry.
Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Lebanon cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Lebanon cards and payments industry.
- Assess the competitive dynamics in the Lebanon cards and payments industry.
- Gain insights into marketing strategies used for various card types in Lebanon.
- Gain insights into key regulations governing the Lebanon cards and payments industry.
BLOM Bank
Fransabank
Credit Libanais
Byblos Bank
Banque Libano-Franҫaise
Bank Med
Bank of Beirut
Visa
Mastercard
ByblosPay
LGB PAY
Creditbank Pay
Zaky
BLOMPay
Table of Contents
Frequently asked questions
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What was the Lebanon cards and payments market size in 2021?
The Lebanon cards and payments market size was $2.8 billion in 2021.
-
What is the growth rate of the Lebanon cards and payments market?
The Lebanon cards and payments market is projected to achieve a CAGR of more than 19% during the forecast period.
-
What are the key payment instruments in the Lebanon cards and payments market?
The key payment instruments in the Lebanon cards and payments market are cards, direct debits, and cheques.
-
What are the key segments in the Lebanon cards and payments market?
The key segments in the Lebanon cards and payments market are card-based payments, e-commerce payments, and alternative payments.
-
Who are the key players in the Lebanon cards and payments market?
Some of the key players in the Lebanon cards and payments market are Bank Audi, BLOM Bank, Fransabank, Byblos Bank, Credit Libanais, Bank Med, CashU, Zaky, Creditbank Pay, and LGB PAY.
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